Agribio Spirits Ltd informed BSE regarding Allotment of 40,000 Equity share pursuant to Conversion of warrants into Equity shares on preferential basis to Non- Promoter category
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Agribio Spirits Ltd's board approved the allotment of 40,000 equity shares to three non-promoter allottees (Abha Chandrakant Shah – 10,000, Hemali Mihir Shah – 10,000, Rakhee Amit Atawane – 20,000) on April 9, 2025. These shares were issued pursuant to the conversion of fully convertible equity warrants that were originally allotted on October 14, 2024 (total of 22,25,000 warrants). The conversion price was Rs. 51 per share (Rs. 10 face value + Rs. 41 premium), determined as per the SEBI ICDR formula certified by a registered valuer. As a result, the company's paid-up equity capital has increased to Rs. 10.34 crore, comprising 1,03,49,237 equity shares of Rs. 10 each. The newly allotted shares will rank equally with existing shares.
This is a minor dilution event (40,000 shares against an existing base of ~1.03 crore shares, roughly 0.04%) and is part of a previously disclosed preferential warrant issue, so it is largely a procedural update with negligible impact on stock price or shareholder value.